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News > Newsmakers
Buffett on the block: no bids yet
Auction to dine with the Oracle of Omaha yet to receive any offers; opening bid starts at $25,000.
June 29, 2004: 11:23 AM EDT

NEW YORK (CNN/Money) - It's still early, but the eBay auction for the right to dine with Warren Buffett, the world's most famous investor and second wealthiest man, has yet to receive any bids.

So if you can scrape together the minimum bid of $25,000, you might have a shot a dining with the Oracle of Omaha.

The chairman and CEO of Berkshire Hathaway (BRK.A: Research, Estimates) has held an annual auction to benefit San Francisco's Glide Foundation, which offers a range of services including free meals, housing assistance and job training.

Last year, the auction fetched 141 bids with the winning offer going to an New York-based financier for $250,000.

Although not Buffett's favorite restaurant, this year's lunch will be held at New York's Smith & Wollensky (SWRG: Research, Estimates) restaurant after the owner of the steakhouse chain contributed $10,000 to Glide to host the lunch.

The auction is scheduled to end on July 8 at 11:30 p.m. ET.

Buffett's Berkshire Hathaway is a holding company that owns a variety of businesses ranging from Dairy Queen to Fruit of the Loom to reinsurance firm General Re. In addition, Buffett recently said he was taking positions to benefit from a falling dollar.  Top of page

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